‘The Numbers Don’t Portend Well’: FedEx CEO Believes a ‘Worldwide Recession’ is Looming After Company Reported a Sharp Drop-Off in Shipping Volume, Sending Its Shares Down 23%

• ‘The Numbers Don’t Portend Well’: FedEx CEO Believes a ‘Worldwide Recession’ is Looming After Company Reported a Sharp Drop-Off in Shipping Volume, Sending Its Shares Down 23%
  by KEITH GRIFFITH FOR DAILYMAIL.COM, https://www.dailymail.co.uk/
  * FedEx CEO Raj Subramaniam made the remarks in an interview on Thursday
  * Company reported a sharp drop in global delivery business in recent months
  * The shipper plans to slash costs by closing 90 locations and pausing hiring
  * FedEx shares dropped sharply, opening down more than 23% on Friday
  * World Bank also said the global economy might be inching toward a recession 
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